Elawan on a Spanish photovoltaic portfolio of 440 MW Financing of €250 million, the advisers

Watson Farley & Williams (WFW) advised Elawan Energy on a €250m debt financing for a 440MW portfolio of nine photovoltaic power plants currently under development in Castilla La Mancha, Spain.

The Escuderos, Belinchón and Torrijos projects, which include the nine plants, are currently under construction in Cuenca and Toledo and are expected to be operational by late 2022 or early 2023.

These nine plants will have a total installed capacity of 440 MW, with an estimated annual production of 887 GWh of clean energy. They will also have 800,000 modules with state-of-the-art technology for maximum energy efficiency. The projects will generate value locally, creating approximately 1,150 jobs in rural areas with high unemployment.

The Madrid-based company Elawan offers integrated solutions throughout the life cycle of clean energy projects, from the promotion, development and construction of wind farms, photovoltaic power plants and hydroelectric power plants to their operation, maintenance and sale of the clean energy generated. . The company is present in 14 countries around the world.

Santander, BBVA, MUFG, Sabadell and Intesa San Paolo acted as lenders and were advised by partner-trained Clifford Chance’s team, Jose Guardo (photo on the right) and the lawyers, Eduardo Sanchez, Gabriel Miranda, María González, Angel Muñoz, Begoña Martinez and Itziar Kraus.

The WFW finance team advising Elawan was led by partner, Rodrigo Berasategui (photo on the left), with the senior partner, Juan Vicente Barquilla and associates, Julia Belmonte and Alvaro del Real.

Elawan on a Spanish photovoltaic portfolio of 440 MW Financing of €250 million, the advisers

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